Navigating the reverse mortgage end-game

[Rob Pattison]

My father-in-law was put in a Board and Care facility because he can no longer live on his own.  He signed a reverse mortgage contract with Champion Mortgage around 10 years ago.

He doesn't get a monthly payment, just his mortgage payments have been deferred.

I have yet to see the contract but I think there is probably a clause that says he has to live in the house, or the house needs to be sold once he can no longer live there, or passes away.

I welcome advice from anyone who has been in this situation.